UK supermarket Morrisons' sales growth picks up in 'challenging' market
LONDON, June 19 (Reuters) - British supermarket group Morrisons said sales growth improved in its second quarter after trading was dented in the previous quarter by the impact of a cyberattack at its technology provider.
The UK's fifth largest grocer, which has been owned by U.S. private equity firm Clayton, Dubilier & Rice since 2021, said on Thursday its like-for-like sales rose 3.9% in its quarter to April 27, having been up 2.1% in the first quarter.
"Morrisons has bounced back strongly from the disruption of the Blue Yonder cyber attack in November 2024," Chief Executive Rami Baitiéh said.
Against the backdrop of a "challenging macro environment", he said the grocer benefited from a focus on price, promotions and rewarding customer loyalty.
"With inflation driving subdued consumer sentiment, value remains at the forefront of customers' minds," he said.
UK food prices rose by 4.4% in the 12 months to May, the biggest increase in over a year, official data showed on Wednesday.
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